Cattle on Feed Report Preview   02/19  08:37

Marketings Seen Down in Feb. 1 Cattle on Feed Report

By ShayLe Stewart
DTN Livestock Analyst

                      USDA Actual   Average Estimate*      Range

On Feed Feb. 1                           98.5%        97.8-98.8%
Placed in January                        96.7%        92.7-99.5%
Marketed in January                      87.0%        86.7-88.0%

* Estimates compiled by Dow Jones.

OMAHA (DTN) -- Friday's Feb. 1 USDA Cattle on Feed report 
shouldn't ruffle any feathers in the market. If anything, it 
could be received as bullish if the pre-report estimates hold 
true.

The biggest outlier in this month's report will be the marketing 
data, which doesn't have a colossal effect on the market. It 
will likely show a double-digit decrease in the number of cattle 
marketed, as packers haven't been as aggressive in the cash 
market, as prices are at all-time highs.

**

USDA will release its Feb. 1 Cattle on Feed report at 2 p.m. CST 
on Friday.

ShayLe Stewart can be reached at ShayLe.Stewart@dtn.com